2915 N 3rd Street, Minneapolis, MN 55411
MULTI_FAMILY - Minneapolis, MN
- Added:
- Jun 11, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 30 at 12:06 pm
Property Features for 2915 N 3rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 1
- Parking features
- Garage - Detached
- Exterior features
- Aluminum Siding
- Standard status
- Active
- APN
- 1002924320138
- Size
- 1,776 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3893
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1906
- Building materials
- Block
Listing agent Hosie (612) 821-7400
Listing office Keller Williams Realty Integrity Lakes 800 N Washington Ave N Ste 460, Minneapolis, MN (612) 821-7400
Listing date Jun 11, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Well‑maintained duplex with unit rentals of $1,250/month (Unit 1) and $1,575/month (Unit 2)
- Major updates completed in 2021–2022: new roof, furnace, water heater, walkway, stairs, and retaining wall
- Built in 1906 with block construction and aluminum siding exterior
- Forced‑air heating and detached garage parking
- Located in Minneapolis’ Hawthorne neighborhood amid nearby new development, including a new construction duplex valued at approximately $450,000 being built next door
Overview
The property is located at 2915 N 3rd Street in Minneapolis’ Hawthorne neighborhood. Public remarks note nearby reinvestment and new construction activity, including a brand-new duplex being built next door (approximately $450,000) and additional new construction projects recently completed nearby.
For tenants, buyers, and owner-occupants, the duplex is currently generating rental income with Unit 1 leased at $1,250 per month and Unit 2 leased at $1,575 per month. The configuration supports a live-in-and-rent approach, while the 2021–2022 updates can help reduce near-term maintenance concerns for an owner taking over the property.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.4k | $22.20 |
| − Vacancy | −$2.4k | −$1.33 |
| EGI | $37.1k | $20.87 |
| − OpEx | −$11.1k | −$6.26 |
| NOI | $25.9k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.283805
- Latitude
- 45.010027
